With the rising cost of transportation, meals, clothing, and other work-related expenses, many Canadians are questioning whether the Canada Employment Credit, set at $1,501 for 2026, still reflects the real cost of earning employment income. Tax professionals, employers, and taxpayers continue to debate whether the credit should be increased, restructured, or replaced altogether. When our poll asked if the Canada Employment Credit should be increased, 87% said yes. Below are perspectives shared by tax and financial professionals across the country.
Designates – it’s almost time to relicense your specialized credentials! Check out verifiable and non-verifiable options at special tuition prices until June 30 to earn CE and use your exclusive VIP Designate tuition rates you can use to enrol yourself or train your team.
Bill C-47, which was tabled on April 20, 2023 to enact certain provisions of the March 28, 2023 federal budget passed through the House of Commons on June 8, 2023, and is now off to the Senate. With swift passage there, provisions such as the Grocery Rebate could be initiated for anticipated payment by July 5. However, there are other very important provisions in the 430-page document – sign up to receive Knowledge Bureau Report in your inbox to receive our detailed budget report for more information!
An interesting trend has emerged in giving has emerged over the pandemic years. In a new report released by Statistics Canada on March 14, 2023 there was a 3% drop in donors claiming donation tax credits in the 2021 tax filing year. Are Canadians less charitable these days? Or is something else going on?
In May we asked tax and financial professionals to weigh in on the following question: “Do you think that the government should subsidize tax return filing fees so people can get more accurate results and benefits for free?” The verdict is in and 60% of tax and financial advisors who participated answered “no”. They share why in their insightful comments and offer alternative solutions that recognize it’s a system that requires reformation to help more low-income and vulnerable Canadians access their benefits.
The 2023 Distinguished Advisor Conference (DAC Acuity) takes place November 12 to 14 at the beautiful Banff Springs Hotel. It is going to be an outstanding industry event for several reasons: the incredible education from Canada’s top thought leaders in the tax, accounting and financial services, as well as our 20th Anniversary celebrations! We invite you to experience all that this year’s event has to offer by visiting the new interactive agenda where you can enrol there for events, travel, hotel and sign up by June 30 for early bird tuition reductions. Hurry - reserve the incredibly low hotel rates (rooms will sell out fast):
Time to hit the books – online, that is? Summertime is a great time to earn specialized credentials by earning your Diploma or Designation from Knowledge Bureau. We’ve got a special offer to help with the tax-deductible tuition fees: a $100 saving for new students. This early bird offer ends June 15. Plus there is a bonus for our VIP Prior Grads: save $100, $200 or $300 more. Details below. Grad rates can also be applied to team training enrolments. And, best of all, you can start anytime, 24/7, even today!
Designates – it’s almost time to relicense your specialized credentials! Check out verifiable and non-verifiable options at special tuition prices until June 30 to earn CE and use your exclusive VIP Designate tuition rates you can use to enrol yourself or train your team.
Bill C-47, which was tabled on April 20, 2023 to enact certain provisions of the March 28, 2023 federal budget passed through the House of Commons on June 8, 2023, and is now off to the Senate. With swift passage there, provisions such as the Grocery Rebate could be initiated for anticipated payment by July 5. However, there are other very important provisions in the 430-page document – sign up to receive Knowledge Bureau Report in your inbox to receive our detailed budget report for more information!
An interesting trend has emerged in giving has emerged over the pandemic years. In a new report released by Statistics Canada on March 14, 2023 there was a 3% drop in donors claiming donation tax credits in the 2021 tax filing year. Are Canadians less charitable these days? Or is something else going on?
In May we asked tax and financial professionals to weigh in on the following question: “Do you think that the government should subsidize tax return filing fees so people can get more accurate results and benefits for free?” The verdict is in and 60% of tax and financial advisors who participated answered “no”. They share why in their insightful comments and offer alternative solutions that recognize it’s a system that requires reformation to help more low-income and vulnerable Canadians access their benefits.
The 2023 Distinguished Advisor Conference (DAC Acuity) takes place November 12 to 14 at the beautiful Banff Springs Hotel. It is going to be an outstanding industry event for several reasons: the incredible education from Canada’s top thought leaders in the tax, accounting and financial services, as well as our 20th Anniversary celebrations! We invite you to experience all that this year’s event has to offer by visiting the new interactive agenda where you can enrol there for events, travel, hotel and sign up by June 30 for early bird tuition reductions. Hurry - reserve the incredibly low hotel rates (rooms will sell out fast):
Time to hit the books – online, that is? Summertime is a great time to earn specialized credentials by earning your Diploma or Designation from Knowledge Bureau. We’ve got a special offer to help with the tax-deductible tuition fees: a $100 saving for new students. This early bird offer ends June 15. Plus there is a bonus for our VIP Prior Grads: save $100, $200 or $300 more. Details below. Grad rates can also be applied to team training enrolments. And, best of all, you can start anytime, 24/7, even today!
